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Soyuzkali is Hustled to the Finish Line
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On 10 September during his meeting with managing director of the Belarusian Potassium Company (BPC) Aleksandr Lukashenka made the following statement: "In the events involving BPC, even if some issues are still not resolved, then they became less relevant: there are...
13 August 2012
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Despite Lukashenka’s Rhethoric Belarus Officials Worry about Economic Outlook

While Alexandr Lukashenka assures Belarusians of economic stability, other high-profile officials warn of foreseeable problems in the economy. The Government and National Bank sent a joint official letter to the Anti-Crisis Fund of the Eurasian Economic Community where they painted quite a...

7 August 2012
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Belarusian Solvents: A Tricky Path to Economic Growth

Despite the proclaimed common Russia-Belarus way to prosperity within the Customs Union, neither country is ready to sacrifice individual economic interests for this cooperation.  On 24 July Russia stopped railway deliveries of straight-run gasoline – the main raw material...

16 July 2012
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Nuclear Race in the Baltic Sea Region

In the coming years virtually all southern Baltic Sea region states will be involved in a nuclear race. Disagreements between Vilnius, Minsk and Moscow over the Russian and Belarusian nuclear plants in the vicinity of the Lithuanian border is...

27 June 2012
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Who Benefits From European Sanctions Against Belarus?

  This month seven more European states joined the EU sanctions against Belarus. As a result of this year's new extension of restrictive measures target not only officials and politicians but also businessmen. It means that this politicised problem involves...

25 June 2012
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Belarusian Privatisation and the Future of BelarusKali

On 22 June Belarusian president asked PM Mikhail Miasnikovich to tackle inflation and ensure that the country’s average salary would reach $500 by the end of the year. In fact, it is not the right time to share oil...

24 May 2012
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Belarus-Latvia: Economic Interests Prevail

Latvia has been consistently opposing economic sanctions against the Belarusian government. The EU hopes to use sanctions to persuade Belarus authorities stop human rights violations. However, Lativa is sceptical about their effectiveness and can suffer significant economic losses as a...

22 May 2012
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Economic Liberalisation in Belarus: Yet Again?

On 7 May Alexander Lukashenka signed Decree No. 6, a measure that could dramatically improve the business climate in Belarus. This is one of the most advanced pieces of economic legislation adopted by the current government. The decree is a...

14 May 2012
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Belarus Resists Privatisation of Large Enterprises

Lukashenka expressed on several occasions the hope that Russia would increase the volume of its subsidies to Belarus, taking into account that the West "wants to bend" him. Defence Minister Jury Zhadobin said that Russia should help through preferential supplies...

11 May 2012
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European Dialogue on Modernization: Last Chance to Reform Belarus?

Belarusian President Alexander Lukashenka highlighted the need to modernise the Belarusian economy in his annual speech for the national Parliament on 8 May. These words coincide with a goal of the new EU project "Dialogue on Modernization for Belarus"....

1 May 2012
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Are There Any Oligarchs in Belarus?

On Monday, Switzerland joined the EU sanctions against Belarusian citizens and firms believed to support dictatorship. Most of these firms belong to Vladimir Peftiev. Belarusian and international media often portray him as having a significant role in the regime....

30 April 2012
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Belarus Economy: More Stable But Still Fragile

International agency Standard&Poors in April increased Belarus' credit rating from B- (negative) to B (stable). The agency i observed the signs of financial stabilisation in Belarus economy. Although inflation is still very high, it began to slow down, the...

27 April 2012
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Belarus Trapped Into Eurasian Integration

The Ambassadors of Poland, Lithuania and Sweden have returned to Minsk and their colleagues are on the way to the Belarusian capital. It seems that EU-Belarus relations have broken the deadlock, but they remain difficult and the EU has...

17 April 2012
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Belarus’ Magic Oil Economy

The Belarusian Statistics Agency reported about a fantastic growth of exports in January-February 2012. Compared to the same period last year, the country’s exports grew by impressive 62,5%. The official propaganda trumpeted that Belarus has successfully overcome all the economic troubles...

6 April 2012
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Opinion: Does Russia Want EU Sanctions Against Belarus?

Yesterday Russia's Prime Minister Vladimir Putin talked with Alexander Lukashenka over the telephone. On the same day Lukashenka announced at a meeting with Belarusian foreign policy officials that he may release some of Belarus' political prisoners. The relation between these two...